The stockholders' equity for Shorewood, Inc., on December 31, 2017, follows: (Click the icon to view the stockholders' equity on December 31, 2017.) On October 31, 2018, the market price of Shorewood's common stock was $13 per share and the company distributed a 10 percent stock dividend. Read the requirements. Requirement 1. Joumalize the distribution of the stock dividend. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Credit Oct 31 Requirement 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend. (Enter the accounts and labels in the proper om Stockholders' Equity Paid-in capital: Choose from any list or enter any number in the input fields and then continue Stockholders' Equity Paid-in capital Common stock, $1 par, 450,000 shares authorized, 90,000 issued an outstanding 90,000 540,000 Paid-in capital in excess of parcommon Total paid in capital 630.000 130,000 Retained earnings 760,000 Total stockholders' equity